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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 8,392 $ 11,501
Adjustments to reconcile net income to net cash provided by operating activities:    
Net (gain) loss on sales of securities available-for-sale (8) 76
Net (gain) loss recognized on marketable equity securities 472 (268)
Net gain on sale of loans held for sale (315) (255)
Net depreciation, amortization and accretion 1,294 1,255
Stock-based compensation 671 284
Provision for loan losses 8,012 321
Originations of loans held for sale (6,217) (569)
Proceeds from sale of loans originated for sale 8,103 618
Increase in cash surrender value of BOLI (756) (694)
Gain from death benefits in excess of cash surrender value of BOLI (1,131) 0
Deferred income tax benefit (2,090) (807)
Changes in assets and liabilities:    
Decrease in other assets 1,530 978
Decrease (increase) in other liabilities 2,515 (2,255)
Net cash provided by Operating Activities 20,472 10,185
CASH FLOWS FROM INVESTING ACTIVITIES:    
Proceeds from sales of securities available-for-sale 4,199 15,499
Proceeds from sales of marketable equity securities 137 137
Purchases of securities available-for-sale (33,244) (38,319)
Acquisition of marketable equity securities (113) (114)
Proceeds from calls and principal repayments of securities available-for-sale 32,312 18,530
Purchase of BOLI (20,000) 0
Loans purchased (892) 0
Proceeds from the sale of portfolio loans transferred to held for sale 0 8,659
Net decrease (increase) in loans 131,569 (120,886)
Purchases of fixed assets, net (1,034) (50)
Sale (purchase) of FHLBNY capital stock, net (1,127) 1,711
Net cash provided by (used in) Investing Activities 111,807 (114,833)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase (decrease) in due to depositors (42,799) 50,868
Increase in escrow and other deposits 39,616 51,882
Repayments of FHLBNY advances (3,615,520) (1,030,150)
Proceeds from FHLBNY advances 3,640,570 992,125
Proceeds (repayments) of other borrowings, net (110,000) 45,000
Proceeds from preferred stock issuance, net 72,224 0
Payments related to tax withholding for equity awards (79) (7)
Treasury shares repurchased (20,711) (3,814)
Cash dividends paid to stockholders, net (4,915) (5,039)
Net cash provided by (used in) Financing Activities (41,614) 100,865
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 90,665 (3,783)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 155,488 147,256
CASH AND CASH EQUIVALENTS, END OF PERIOD 246,153 143,473
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for income taxes 955 4,406
Cash paid for interest 16,881 24,013
Loans transferred to held for sale 2,509 2,329
Operating lease assets in exchange for operating lease liabilities 0 41,641
Transfer of cash surrender value for BOLI to other assets $ 3,016 $ 0